METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY (EIN 911846837) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

ROGER DIXON

Phone

4023411500

Tax Period

2023-07-01 to 2024-06-30

METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY, founded in 1997, is a major nonprofit in the Community Improvement sector that reported $101.6M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $93.7M left a modest 8% surplus.

Mission

MECA'S MISSION IS TO RELIEVE THE BURDENS OF GOVERNMENT THROUGH MANAGEMENT AND OPERATION OF GOVERNMENT OWNED CONVENTION, SPORTS AND ENTERTAINMENT FACILITIES LOCATED IN OMAHA, NEBRASKA. MECA MANAGES AND OPERATES CHI HEALTH CENTER CENTER OMAHA, CHARLES SCHWAB FIELD OMAHA, AND THE RIVERFRONT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,694,674

Program Service Revenue $55,816,001

Investment Income $3,027,365

Other Revenue $38,041,810

TOTAL REVENUE $101,579,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,999,632

Fundraising Expenses $621,239

Program Expenses $87,102,884

Other Expenses $82,718,023

TOTAL EXPENSES $93,717,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,579,850	$164,605,242	-0.4%
Expenses	$93,717,655	$160,558,751	-0.4%
Net Income	$7,862,195	$4,046,491	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

729

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$644,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE DUREN	CHAIRWOMAN	5.00	Officer Director	$0	$0	$0
JAY NODDLE	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
TOM KELLEY	TREASURER	5.00	Director	$0	$0	$0
SUSIE BUFFETT	SECRETARY	5.00	Officer Director	$0	$0	$0
BEN GRAY	BOARD MEMBER	5.00	Director	$0	$0	$0
ROGER DIXON	PRESIDENT/CEO	55.00	Officer	$612,102	$32,211	$644,313
ROBERT FREEMAN	ASSISTANT SECRETARY	5.00	Officer	$0	$0	$0
TOM O'GORMAN	VP CORPORATE SALES &	45.00	Highest	$322,172	$36,046	$358,218
DENISE NIEBRUGGE	VP CONVENTION SALES & MARKETING	45.00	Highest	$161,246	$24,835	$186,081
KATHERINE BASSETT-RAYMOND	VP PARKS	45.00	Highest	$200,560	$16,386	$216,946
KEVIN RAYMOND	VP OPERATIONS & IT	45.00	Highest	$276,265	$26,340	$302,605
DIANE MILLS	CFO	45.00	Highest	$252,202	$38,352	$290,554

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$101,579,850	$93,717,655	$134,449,166	$7,862,195
2023	$164,605,242	$160,558,751	$147,657,024	$4,046,491
2022	$136,073,148	$133,542,829	$161,980,538	$2,530,319
2021	$95,451,675	$89,998,974	$158,635,208	$5,452,701
2020	$61,472,145	$64,246,779	$138,045,641	$-2,774,634
2019	$59,480,923	$57,961,430	$136,376,828	$1,519,493
2018	$46,020,616	$43,673,894	$73,022,421	$2,346,722

METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY